Telecom API Platform Market - Competitive Analysis, Statistics till 2023Posted by Savni on December 7th, 2020 Market Overview Increased upgradation in information technology has significantly led to the growth of the telecom application programming interface (API) market with a market worth of USD 368.25 bn. The telecom application programming interface market is augured to develop at 17.33% CAGR over the estimation period. Recent developments and alterations in the IT sector are supporting the telecom infrastructure with digital upgradations. Innovation results in the attainment of digital transformation consisting of technology rationalization, new roles, process optimization, and new skill sets which excel the organizational efficacy. It offers security and agility to incorporate and bring efficiency in business operations. These progressions result in the espousal of cloud-based techniques which benefit the organizations by providing security, saving cost, mobility, collaboration, and flexibility. As a result, rapid improvements in technology along with the surging penetration of cloud-based solutions is estimated to fuel the development of the telecom API market throughout the assessment period. Telecom API is a gamut of programming protocols and instructions used to access a web-based app. It is employed for web applications and telecom associated cloud applications such as payments, messaging, identity management, location sharing, webRTC, and others. Telecom API extends further functionality to the prevailing systems by excelling their performance, delivery time coupled with cost-effective solutions. This leads to improved customer experience and the growth of the large software programs. On the other hand, strict government regulations and policies are one of the limiting aspects that could potentially obstruct the growth of telecom API market during the tenure of estimation. Segmentation The telecom API market is largely segmented on the basis of service, end-user, and type. According to type, the Telecom API market is segregated into location determination data, presence detection data, subscriber data management (SDM), and service configuration management (SCM). Based on service, the telecom API market is divided into MMS, RCS API, SMS, location API, payment API, webRTC, identity management,and others. On the basis of end-user, the market is divided into internal telecom developer, enterprise developer, long tail developer, and partner developer. Regional Analysis The regional analysis of Telecom API Platform Market has been studied for Asia-Pacific, Europe, North America, and the rest of the world. Swift adoption of cloud-based solution and technologies in North American economies such as Canada, Mexico, and the US, are contributing towards the development of telecom API. Additionally, the market in this region is propelled by rising disposable income of users who have basic technological know-how and are fuelled towards the upgraded technologies in telecom such as 5G. Hence, North America is estimated to account for the major market share of the telecom API market throughout the estimation period. Furthermore, APAC is predicted to recorded considerable expansion in the telecom API market over the period of estimation. A number of improvements are being launched in economies such as India, Japan, and China, which is propelling the expansion of the market on account of the surging ownership of smartphones in the region. On the other hand, Europe is estimated to observe consistent growth in the telecom API market throughout the forecast period owing to the commercial gap in carrier product offerings and customer requirements which is restricting the development of the market. Key Players The renowned players in the telecom API market include AT&T Inc. (US), Telefónica S.A. (Spain), Nokia Corporation (Finland), Vodafone Group PLC (UK), Orange S.A. (France), Google (US), Vonage (US), Verizon Communications Inc. (US), LocationSmart (US), Fortumo (Estonia), Aspect Software, Inc. (US), and Cisco Systems (US). These are among the other enterprises offering telecom API services. The prominent players are competing in the market to offer the best available solutions and services to the telecom API users. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Contact: +1 646 845 9312 Email: sales@marketresearchfuture.com Blog: http://mrfrblog.com/ Like it? Share it! More by this author |